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DOJ and SEC probing Apple over phone slowdown

31 January 2018

Like the iPhone SE before it, the new device would be "much less expensive and smaller than the rest of Apple's products", according to Mashable.

Older phones would be more likely to reboot randomly if consumers turn off the throttling.

In early December, media reports suggested that Apple was purposefully lowering the speeds of iPhone processors after several years of their use.

Apple didn't respond to requests for comment.

Apple exec Phil Schiller. Still, sales of the pricier iPhone X, iPhone 8 and 8 Plus are expected to lift the average iPhone selling price and boost revenue from the same period a year earlier.

With components deliveries delayed, Apple had struggled to keep up with demand for the iPhone X immediately after its launch. The American company itself is thinking about lowering its sales target for OLED versions of new iPhones to be released this year, focusing more on conventional liquid crystal display versions instead. Those two devices, which start at $699, are pricier than predecessors but offer a less-costly alternative to the iPhone X.

Worrying analysts now are the reports from Asia about the iPhone X cutback for the three months ended in March as a signal that consumers weren't as interested as anticipated in the top-end phone.

Not just Apple, the iPhone X sales are hitting the supplier partners too. The jubilee iPhone X was introduced on September 12 a year ago.

"The Band-Aid will be ripped off", he says. The iPhone maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.10.

Apple's iPhone slowdown scandal has turned into a matter of federal interest as U.S. agencies begin to conduct probes, Bloomberg reported.

Apple Inc. has a twelve month low of $120.62 and a twelve month high of $180.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd.

Cook may also be asked about "batterygate".

The US Department of Justice and Securities and Exchange Commission are investigating whether Apple violated securities laws concerning its disclosures that it slowed older iPhones with flagging batteries, Bloomberg reported on January 30.

Analysts have already started lowering their iPhone shipment expectations for the current quarter, pointing to weaker business results from crucial Apple suppliers. It also is a 4.8% decline from the record 231.2 million handsets sold by Apple in 2015.

DOJ and SEC probing Apple over phone slowdown